Guyana’s investment climate to become revolutionary, investors get ready – Dr. Ramsaroop

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Are you ready?

That was the question Chief Executive Officer (CEO) of Guyana Invest, Dr. Peter Ramsaroop asked investors on the third day of the International Energy Conference and Expo 2023, held last week in Georgetown, Guyana.

“Guyana is going through this revolutionary transformation today with one operator so imagine three or four operators next year. So, are you ready,” he asked participants. 

Dr. Ramsaroop noted that his agency is ready to help investors, but they must present tangible plans.

“Many times, people say that they are here to help Guyanese. No, do not tell me that. You are here to make money and we understand this as a government. We are here to facilitate your investment, once you follow the rules,” he told the conference.

While oil has catapulted Guyana’s economy, Dr. Ramsaroop noted that the country has investment opportunities that are spread across the categories of agriculture, energy, forestry, information and communications technology (ICT), manufacturing, mining, services, tourism, and housing.

It is coined the Invest 55 Initiative, meant to build global partnerships, increase competitiveness, and globalise Guyana’s sectors.

The Guyana Invest CEO noted too that the country is looking to partner with local and international companies to increase development capacity across all sectors, and that it plans to proliferate knowledge transfer for its local workforce through these partnerships.

Investor interest in Guyana is already at an all-time high.

Recently, Minister of Industry, Investment and Commerce, Aubyn Hill described the country as Jamaica’s “natural economic hinterland.”

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